EPIC RESEARCH MCX Gold UPDATE OF 27 August 2018

Gold trading range for the day is 29416-30210.

* Gold prices rose as the dollar came under pressure from clues about the direction of U.S. monetary policy from Federal Reserve Chairman Jerome Powell.

* Prices remained supported as dollar slipped amid U.S.-China trade talks and as U.S. President Trump criticized the U.S. Fed’s plan to raise interest rates.

* Demand for physical gold was modest in India while interest for the metal remained lacklustre elsewhere in Asia as buyers awaited a dip in prices.


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